Polyplex Corporation has unveiled plans to establish a new BOPET (Biaxially Oriented Polyethylene Terephthalate) manufacturing film plant in India, aiming to bolster its production capacity by 52,400 MTPA. The company disclosed this development following its board meeting on January 9, 2025. BOPET films are polyester films known for their strength, transparency, and excellent barrier properties.

Adani Total Gas Ltd on Thursday (January 9) announced that it has received communication from the nodal agency, GAIL (India) Ltd, regarding a 20% rise of its administered price mechanism (APM) gas allocation, effective from January 16, 2025. Shares of Adani Total Gas Ltd ended at ₹681.60, down by ₹22.60, or 3.21%, on the BSE.

Bitcoin (BTC-USD) continued a decline Thursday to touch its lowest levels since November, trading as low as $92,500. The cryptocurrency's recent descent comes after it had climbed to record highs in the wake of President-elect Donald Trump's win in early November. It first crossed above the milestone $100,000 mark in early December and later eclipsed $108,000.

Digital cable TV and broadband service provider GTPL Hathway Ltd on Thursday (January 8) reported a 57.2% year-on-year (YoY) decline in net profit at ₹10.1 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, GTPL Hathway posted a net profit of ₹23.6 crore, the company said in a regulatory filing.

De La Rue Plc got a takeover approach for the entire company by the same investors who proposed to buy almost half of the British currency printer last year. Disruptive Capital GP Ltd. and Pension SuperFund Capital are making a preliminary conditional cash offer for £1.25 a share, the same price as earlier, De La Rue said Thursday. That’s 22% above Wednesday’s close.

The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 (provisional) against the USD on Thursday amid firm American currency and elevated level of crude oil prices. Per forex analysts, relentless selling in domestic equities and outflow of foreign capital kept the local unit under pressure, while dollar strengthened on improved macroeconomic prospects in US.

Strata, which facilitates fractional ownership of commercial real estate, on Friday said it has received the official license from markets regulator Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT). The SM-REIT will be named Strata SM REIT, which will enable retail and institutional investors to invest in high-quality commercial assets in major cities.

Shares of L&T have faced some downward pressure recently, raising the question of whether investors should consider buying the stock during its dips. The stock has fallen about 4% in the current week. On Thursday, January 9, the stock declined over 3% in intraday trade on the BSE. L&T shares hit a 52-week low of ₹3,175.50 on June 5, followed by a 52-week high of ₹3,963 on December 10 last year.

OK Play India Ltd shares rose around 4.9% on December 9 to trade at around Rs 18.37, as seen at 2.20 pm. This comes ahead of its Board of Directors' meeting on January 14 to discuss a possible fundraise. A meeting of the Board of Directors of the company is set to be held on Tuesday, January 14, to consider and approve the proposal for raising funds trough the issue of one or more instruments.

International roadshows are underway for the multi-billion IPO of HDFC Bank’s non-banking arm, HDB Financial Services. Senior officials of the bank and HDB Financial are meeting large investors in the UK, the US, Singapore and Hong Kong, sources aware of the matter told Moneycontrol. HDB Financial’s valuation is pegged between $10 billion and $12 billion, around Rs 85,000-1,00,000 crore.

Federal Reserve Bank of Boston President Susan Collins said she favors fewer rate cuts in 2025 than she had anticipated just a few months ago, following strong employment data and lingering inflation. Collins, who emphasized the need for patience, said her outlook for interest rates was consistent with the median projection from officials released after the Fed’s December meeting.

The multibagger mid-cap stock Jindal Worldwide has risen 48% in last two months. Anand Rathi expects 10% more upside for this stock, which remains its pick of the month. The Jindal Worldwide share price had recently scaled highs of ₹471 and has given multibagger returns to investors with share price having risen 600% in past five years.

The maiden public issue of Capital Infra Trust, the first IPO from InvIT segment in 2025, saw 2.8X subscription on the final day of bidding, January 9. The offer was opened for bidding on January 7. The InvIT, sponsored by Gawar Construction, intends to mobilise Rs 1,578 cr through the initial share sale, of which Rs 703 cr has already been raised via anchor book at lower price band on January 6.

Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence. Chief information and technology officers surveyed for BI indicated that on average they expect a net 3% of their workforce to be cut, according to a report published Thursday.

Indian equity fundraising touched a record Rs 3.99 lakh crore in 2024, mainly driven by deluge of IPOs as investor appetite remained robust throughout the year. Excluding the rights issues, the fundraising from equity was at Rs 3.73 crore, which is a massive 159% increase over the previous year period. According to primedatabase.com, 91 Indian companies raised Rs 1.59 lakh crore through the IPOs.